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flag Bank Indonesia intervenes to stabilize the rupiah, which nears record lows amid political unrest and a recent rate cut.

flag Bank Indonesia is using all available tools, including market interventions and bond purchases, to stabilize the rupiah amid sharp declines, with the currency nearing a record low of 16,970 per U.S. dollar. flag Governor Perry Warjiyo said the central bank remains committed to restoring the exchange rate to its fundamental value and urged market participants to support financial stability. flag The rupiah has lost over 3% this year, driven by political unrest and uncertainty, and fell for a sixth consecutive session. flag A recent interest rate cut has raised concerns about political influence on policy, potentially affecting fiscal credibility.

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